SCOTTSDALE, Ariz., Nov. 21, 2024 (GLOBE NEWSWIRE) — Meritage (NYSE: ) Homes Corporation (NYSE: MTH, Meritage or the Company), the fifth largest homebuilder in the United States, today announced Its board of directors has declared a quarterly dividend of $0.75 per share. The dividend is payable on December 31, 2024 to shareholders of record as of the close of trading on December 17, 2024.
Meritage also announced that its board of directors has approved a $250 million increase in the company’s share repurchase authorization. This increase, combined with $15 million in structured buybacks on a quarterly date basis, brings the company’s total authorized share repurchase program through November 21, 2024 to $334 million.
About Meritage Homes Corporation
Meritage is the fifth largest public homebuilder in the United States, based on homes closed in 2023. Operations span Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.
Meritage has delivered more than 190,000 homes in its 38-year history, and is renowned for its distinctive style, quality construction and award-winning customer experience. The company is an industry leader in building energy-efficient homes, an eleven-time recipient of the U.S. Environmental Protection Agency (EPA) ENERGY STAR ® Partner of the Year for Sustainable Excellence Award and a four-time recipient of the Residential New Construction Market Leader Award. Timely recipient of the EPA’s Indoor Air Plus Leader Award.
For more information, visit www.meritagehomes.com.
| Contact: | Emily Tadano, VP Investor Relations and ESG |
| (480) 515-8979 (office) | |
| investors@meritagehomes.com |
Source: Meritage Homes Corporation
